Canada dropped a notch in the rankings of the world’s largest professionally managed real estate markets last year, even while regaining asset value since 2024. Canada was in sync with the general bounce-back trend across the broad base of 38 countries, which saw total market value climb up to USD $13.5 trillion after three consecutive years of decline. Canada lagged a little behind the average at 6.4 per cent, while the U.S. outpaced it at 8.8 per cent. “Real estate has weathered several difficult years since the pandemic reshaped the workplace and the way society interacts. Nevertheless, the U.S. hosts the largest office market among the 38 countries, representing about 25 per cent of all office assets.